Lawyers Title Market Report

Pahrump, NV

Single-Family Homes

Lawyers Title of Nevada | 702-693-5100 | www.LTIC.com



Pahrump, NV

Sun Dec 10 2023
This week the median list price for Pahrump, NV is $399,900 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 208. Click here to stay informed with the Pahrump market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Pahrump, NV

Sun Dec 10 2023
This week the median list price for Pahrump, NV is $399,900 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 208. Click here to stay informed with the Pahrump market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Pahrump market.
Median List Price $399,900
Median Price of New Listings $426,000
Per Square Foot $206
Average Days on Market 124
Median Days on Market 98
Price Decreased 48%
Price Increased 5%
Relisted 14%
Inventory 208
Median Rent
Market Action 32
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$549,950 2,624 1 - 2.5 acres 4 2.6 17 4 7 161
$437,250 2,102 0.25 - 0.5 acre 3 2.3 4 9 7 56
$379,900 1,850 0.25 - 0.5 acre 3 2 7 3 10 101
$324,950 1,611 0.25 - 0.5 acre 3 2 17 3 4 94